Maximize Market Research's latest report, " Global Automotive Lighting Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Automotive Lighting Market was valued at US$ 30.21 Bn in 2019 and is expected to reach US$ 48.16 Bn by 2027, at a CAGR of 6.0% during the forecast period.
Global Automotive Lighting Market Overview
Increasing automobile production to address the increasing consumer demand is the major factor driving the automotive lighting market. Modern automobiles arrange technically advanced systems like driving assistance and lighting control systems. The development and integration of LED and laser technology into modern vehicles are creating growth opportunities for the industry. The introduction of government regulations, like ECE regulations, by the European Commission on the manufacturing of automotive & general lighting products to control the environmental impact and low chemical use, promotes the consumption of modern lighting technology.
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Global Automotive Lighting Market Major Market Players
• Magneti Marelli S.p.A.
• Osram Group
• Hyundai MOBIS
• HELLA GmbH & Co. KGaA
• General Electric
• Koninklijke Philips N.V.
• Samsung Electronics Co. Ltd.
• Koito Manufacturing Co., Ltd
• Stanley Electric
• Volkswagen Group
• Mahindra and Mahindra.
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Automotive Lighting Market by Types and Applications:
Global Automotive Lighting Market, by Technology:
Global Automotive Lighting Market, by Vehicle type:
• Passenger Cars
• Commercial Vehicles
• Two Wheelers
Global Automotive Lighting Market, by Application:
• Front Lighting/Headlamps
• Rear Lighting
The report has covered the market size by country (regions) for the global Automotive Lighting market. Segment by Application. The Automotive Lighting Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Global Automotive Lighting Market, by Region:
• North America
• Asia Pacific
• Middle East & Africa
• South America
Analysis of the Automotive Lighting Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Automotive Lighting Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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